Southern Cross Media Group (ASX:SXL) agreed to sell its remaining television assets to Seven West Media (ASX:SWM) for AU$3.8 million in upfront consideration, marking its full exit from television as it sharpens its focus on audio, according to a Tuesday filing with the Australian bourse.

The deal is set to be completed by June 30, the filing said.

The total consideration is expected to range between AU$19 million to AU$24 million, and proceeds will be used to reduce net debt, the filing added.